DoorDash engineers work on courier subbotniks. Flash runs from Viacom and AT&T in the arms of Nexstar. Elon Musk drives through the meeting directly to Xinjiang.
Disclaimer: when we talk about, that something has grown, we mean a comparison with the same quarter a year earlier. Since all issuers are from the USA, then all results in dollars. When creating the material, sources were used, inaccessible to users from the Russian Federation. We hope, Do you know, what to do.
Rise of the DoorDash programmers
Among the development engineers of DoorDash food delivery service (NYSE: DASH) riot is brewing: they are extremely unhappy with the requirement to deliver orders several times a month. Now in the company, highly paid employees are forced to personally deliver orders to customers.. Sounds pretty strange, because they pay engineers 166 thousand dollars a year, plus they give about 50 thousand dollars a year in shares of DoorDash itself as bonuses.
Howbeit, the rule "all employees of the company, including director, should also deliver at least once a month” observed in the company, since this moment is taken into account in assessing the quality of work of employees. But the engineers are already pretty tired of it., so they demand to stop this practice.
Certainly, considering the scale of DoorDash operations, extremely doubtful, that the refusal of all engineers to deal with delivery will greatly spoil the company's reporting. But the protest of engineers opens the door to the world of unprofitable startups with their strange internal rules of work..
There is something deeply unnatural about the idea of "pulling highly paid engineers away from doing important, high value-added work". Here, Soviet liturgies come to mind with students picking potatoes and other forms of voluntary-compulsory labor such as subbotniks. In such optics, DoorDash looks completely different..
Maybe, DoorDash guide, and investors are not embarrassed by this absurdity with engineers delivering pizza, because they did not perceive the company itself, do not perceive and are not going to perceive as an enterprise, aimed at making a profit. For them it is, probably, large-scale social experiment, carried out without regard to the economic and other consequences of decisions.
In this case, you don’t have to worry about the near future of DoorDash shares.. Investors will continue to support these shares at some optimal minimum level in order to, so that the company itself has the opportunity to engage in additional issue of shares to finance its operations. So,, a company can stay afloat simply because, that she is supported from higher, non-market considerations.
If our conclusion is correct, then it also applies to other software aggregators like Uber and Lyft, whose path to profit also looks unobvious. However, surprisingly, I am optimistic: if investors have not cut off the financing of this company until now, there is no reason to think, what will happen in the next few years.
Parthian "Arrow": sale of C.W. Network
AT&T (NYSE: T) и ViacomCBS (NASDAQ: MORE), jointly owning the CW Network, plan to sell a controlling stake in CW. Large media holding Nexstar Media Group is mentioned among possible buyers..
The main advantage of CW is an extensive content library, basically "DC TV Universe", i.e. The Flash series., Green Arrow and other superheroes from DC comics. Other CW projects are also quite popular - the series "Riverdale", for example.
Actually, the CW network itself is not particularly profitable, but the mentioned content from it is very popular on third-party streaming platforms, including on Netflix. Actually, the latter fact will discourage the sale of CW Netflix, as Viacom develops its own streaming service Paramount +, а AT&T prepares to spin off its HBO Max streaming service into a separate company.
The mentioned players are not very interested in strengthening Netflix and therefore, probably, will sell their stake to Nexstar, which is engaged in traditional television and will operate The CW as a conventional television channel.
For Viacom and AT&T deal is profitable in principle: they will get money, but will remain shareholders of The CW and will continue to cooperate with the channel in terms of release and licensing of content. For AT&T this will be especially important: the company will continue to get rid of non-core assets and will be able to concentrate on the key task - the development of 5G infrastructure.
Wheelbarrows for download: Tesla breaks its own records
Tesla electric car manufacturer representatives (NASDAQ: TSLA) reported that, that in 2021 we delivered more than 936 thousand cars to customers, - it's on 87% more, what happened in 2020. Achievement no joke heroic: 2021 the year will go down in corporate history as a period of logistical difficulties and a shortage of raw materials.
Anything could be expected from Tesla, only not deliveries records: electric car manufacturing is particularly susceptible to shortages in a number of materials, and given the extremely negative experience of Tesla with the organization of production and delivery of cars and in a more relaxed 2018, should have prepared for it, that Tesla will not be able to meet analysts' forecasts about 897 thousand cars, not even speaking about, to surpass them.
By the way,, all automakers in the world in 2021 sold cars for only 3% more, than in 2020, - and on 12% less, than in 2019. So it is very likely, that Tesla has some incredible level of experience and skill, allowing the company to jump above its head in the most difficult conditions. well, or, maybe, Tesla has powerful backers, who "by pull" provided the company with the supply of chips and other critical components on time and in sufficient quantities.
Interestingly, More than half of Tesla cars produced in China, which the company accounts for about 25% sale of cars, — there is a possibility that China's share in the company's sales will grow to 40%. So it won't be a big exaggeration to say, that Tesla's success in 2021 rests in no small part on its ability to maintain good relations with Beijing..
Probably, as part of the oiling of the wheels of friendship, so that they spin in the right direction, Elon Musk's company opens showroom in Xinjiang, where the Chinese authorities are campaigning for the forcible assimilation of the local Turkic population. Considering, what "for Xinjiang" in the West is now often punished, for such "sedition" Tesla may become a victim of a campaign of harassment by the ESG lobby.
And on the contrary, the absence of such a campaign, and even just enough noise in the media around this, can be considered a signal, that Tesla's protection is really very serious. And that would mean, what you can invest in Tesla, basically, regardless of the economic foundation of this issuer.
